Louisiana State Employees Retirement System Decreases Holdings in RH (NYSE:RH)

Louisiana State Employees Retirement System cut its holdings in shares of RH (NYSE:RH) by 6.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 4,100 shares of the company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in RH were worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RH. Price T Rowe Associates Inc. MD grew its stake in shares of RH by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 665,383 shares of the company’s stock worth $231,728,000 after acquiring an additional 62,198 shares during the period. Anomaly Capital Management LP grew its stake in shares of RH by 503.6% during the 2nd quarter. Anomaly Capital Management LP now owns 349,227 shares of the company’s stock worth $85,365,000 after acquiring an additional 291,368 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of RH by 18.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 270,993 shares of the company’s stock worth $66,239,000 after acquiring an additional 41,242 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of RH by 8.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 245,810 shares of the company’s stock worth $82,206,000 after acquiring an additional 18,563 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of RH by 58.6% during the 2nd quarter. Marshall Wace LLP now owns 174,324 shares of the company’s stock worth $42,612,000 after acquiring an additional 64,423 shares during the period. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on RH shares. Loop Capital increased their price target on RH from $230.00 to $320.00 and gave the stock a “hold” rating in a research note on Monday, September 16th. Telsey Advisory Group restated a “market perform” rating and issued a $290.00 target price on shares of RH in a research note on Tuesday, September 10th. TD Cowen raised their target price on RH from $325.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. Stifel Nicolaus raised their target price on RH from $315.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised their target price on RH from $325.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, RH presently has a consensus rating of “Hold” and a consensus price target of $331.77.

Insiders Place Their Bets

In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other RH news, Director Mark S. Demilio sold 2,000 shares of RH stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $340.30, for a total value of $680,600.00. Following the transaction, the director now directly owns 10,914 shares of the company’s stock, valued at $3,714,034.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stefan Duban sold 4,285 shares of RH stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $346.37, for a total value of $1,484,195.45. Following the completion of the transaction, the insider now directly owns 78 shares in the company, valued at $27,016.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,285 shares of company stock valued at $2,871,935 in the last ninety days. Company insiders own 28.10% of the company’s stock.

RH Trading Up 1.5 %

Shares of NYSE RH opened at $322.75 on Friday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 189.85, a P/E/G ratio of 1.81 and a beta of 2.43. RH has a 1-year low of $212.43 and a 1-year high of $367.00. The stock’s 50-day moving average is $311.00 and its 200 day moving average is $277.66.

RH (NYSE:RH) last announced its quarterly earnings data on Thursday, September 12th. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.13. The company had revenue of $829.66 million for the quarter, compared to analysts’ expectations of $824.52 million. RH had a negative return on equity of 11.29% and a net margin of 1.13%. RH’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted $3.93 EPS. On average, analysts forecast that RH will post 5.67 EPS for the current fiscal year.

RH Company Profile

RH, together with its subsidiaries, operates as a retailer in the home furnishings market. The company offers products in various categories, including furniture, lighting, textiles, bathware, décor, outdoor and garden, baby, child, and teen furnishings. It provides its products through rh.com, rhbabyandchild.com, rhteen.com, rhmodern.com, and waterworks.com online channels, as well as operates RH Galleries, RH outlet stores, RH Guesthouse, and Waterworks showrooms in the United States, Canada, the United Kingdom, and Germany.